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Jan 31, 2021
Campbell Soup Q2 2021 Earnings Report
Reported strong results with top-line growth in both segments, tempered by foodservice and supply constraints caused by COVID-19, and continued growth in EBIT and EPS.
Key Takeaways
Campbell Soup Company reported a 5% increase in net sales to $2.28 billion for the second quarter of fiscal year 2021. EPS from continuing operations increased 43% to $0.80, and adjusted EPS increased 17% to $0.84. The company provided full-year fiscal 2021 guidance, projecting adjusted EPS of $3.03 to $3.11, reflecting growth of 3% to 5%.
Net Sales increased 5% reflecting continued elevated demand for Campbell's brands.
Earnings Per Share (EPS) from Continuing Operations of $0.80 increased 43%. Adjusted EPS of $0.84 increased 17%.
Earnings Before Interest and Taxes (EBIT) increased 15% to $401 million. Adjusted EBIT increased 8% to $393 million.
Fiscal 2021 Adjusted EPS guidance of $3.03 to $3.11, reflecting growth of 3% to 5%.
Revenue by Segment
Forward Guidance
Following strong first half results, Campbell is providing full-year fiscal 2021 guidance that reflects cycling the COVID-19 related surge in demand during the second half of fiscal 2020, and an expected sequential improvement in margin as we progress through the remainder of fiscal 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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